How to Buy Spruce Power Holding Stock
Spruce Power Holding Corp
Pivotal Investment Corporation II is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Spruce Power Holding stock last closed at $4.74, up 6.76% from the previous day, and has decreased 1.25% in one year. It has overperformed other stocks in the Solar industry by 0.47 percentage points. Spruce Power Holding stock is currently +53.4% from its 52-week low of $3.09, and -43.57% from its 52-week high of $8.40.
As of May 1, 2024, there are 18.3M shares of SPRU outstanding. The market capitalization of SPRU is $86.73M. In the past 24 hours, 48,399 SPRU shares were traded.
How to Buy Spruce Power Holding Stock
Wondering how to invest in Spruce Power Holding stock? Here's how.
- Figure out where to buy Spruce Power Holding stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Spruce Power Holding stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your info.
- Evaluate Spruce Power Holding stock: The Spruce Power Holding ticker symbol is SPRU. Is Spruce Power Holding stock a good investment? Should you buy shares of SPRU? How do SPRU's underlying business fundamentals look? Do top analysts think Spruce Power Holding is a good buy? Why has SPRU's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SPRU is a good stock to buy).
- Place your SPRU buy order: Decide if you will purchase SPRU shares at the current market price or use a limit order to purchase SPRU shares at a given price.
- Get notifications regarding your SPRU position: Create a watchlist to get the latest news on your new investment in Spruce Power Holding stock.
Step 1: Figure out where to buy Spruce Power Holding stock
You need an online brokerage account to access the NYSE market and buy SPRU shares.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you can buy SPRU today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on the best stock app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring money into your new investment account.
Step 4: Evaluate Spruce Power Holding stock
After you have figured out the best place to buy Spruce Power Holding stock, it's crucial to analyze their stock before you invest, so you can comprehend the risk as well as the upside.
Spruce Power Holding stock data
SPRU Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SPRU's stock page.
What is the fair value of SPRU stock?
Analysts use many financial metrics, analyses, models, and charts to gauge SPRU's fair value.
Using relative valuations methods:
- SPRU may be undervalued based on its P/B ratio of 0.41x, relative to Solar industry P/B ratio of 2.42x
You can do additional valuation analysis on SPRU's stock here.
SPRU Financials at a glance
Signs that SPRU is financially healthy:
- SPRU has cash burn of 27863000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the SPRU balance sheet.
- SPRU has $172.94M in cash and short term investments. This is enough to cover its annual cash burn of $27.86M.
- Total SPRU debt is lower than 5 years ago, relative to shareholder equity.
Signs that SPRU is not financially healthy:
- There are more long-term liabilities than short-term assets on the SPRU balance sheet.
- SPRU has a relatively high debt to equity ratio of 3.2.
- SPRU profit margin has gone up by 3.23 percentage points in the past year, but the company is still unprofitable.
SPRU Technicals
SPRU Earnings
Last year, SPRU revenue was $79.86M. Over the last five year, SPRU's revenue has grown by 52.94% per year. This was faster than the Solar industry average of 24.68%.
Dive into SPRU's earnings and revenue performance here.
What are SPRU executives and large shareholders up to?
In the last year, executives and large shareholders at SPRU have sold more shares than they have bought.
Jonathan M. Norling, Chief Legal Officer of SPRU, was the latest SPRU insider to sell. They sold $22,200.36 worth of SPRU shares on Apr 3, 2024.
Learn more about who owns SPRU stock here.
Can I get consistent income from SPRU stock?
No, Spruce Power Holding doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your SPRU buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more help buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your SPRU position
Now that you own some SPRU shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to get the latest updates about your SPRU stock.
SPRU Feed
How to Buy Stock in Spruce Power Holding
To reiterate, here are the 6 steps you need to take to buy Spruce Power Holding stock right now:
- Figure out where to buy Spruce Power Holding stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Spruce Power Holding stock
- Place your SPRU buy order
- Get notifications regarding your SPRU position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your investment in Spruce Power Holding, click the button below.
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